Quote

Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.

Jeff Bezos

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Jeff Bezos
Age: 60
Born: 1964
Born: January 12
Astronaut
Computer Scientist
Entrepreneur
Albuquerque
New Mexico
Jeffrey Preston Bezos
Jeffrey Preston Jorgensen
Jeff Preston Bezos
Jeffrey Preston ''Jeff'' Bezos
Matter
Multiple
Many
Actual
Make
Companies
Always
Matters
Valued
Dollars
Percentage
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Percentages
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Dollar

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Focusing on the customer makes a company more resilient.
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One of the things that I hope will distinguish Amazon.com is that we continue to be a company that defies easy analogy. This requires a lot of innovation, and innovation requires a lot of random walk.
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I try to spend my time on areas that I think are important for the future, and where I think I can add value.
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The Net is pretty cool, but the physical world is the best medium ever.
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Go to bed early and wake up early. The morning hours are good.
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What characteristics do I look for when hiring somebody? That's one of the questions I ask when interviewing. I want to know what kind of people they would hire.
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I'm skeptical that the novel will be 're-invented.'
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I strongly believe that missionaries make better products. They care more. For a missionary, it's not just about the business. There has to be a business, and the business has to make sense, but that's not why you do it. You do it because you have something meaningful that motivates you.
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The thing that motivates me is a very common form of motivation. And that is, with other folks counting on me, it's so easy to be motivated.
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If you can't feed a team with two pizzas, it's too large.
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I wouldn't be surprised if history records Tim Berners-Lee as the second Gutenberg.
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People loved their horses, too. But you don't keep riding your horse to work just because you love it.
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You don't chose your passion, your passion choses you
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Mediocre theoretical physicists make no progress. They spend all their time understanding other people's progress.
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Seek instant gratification - or the elusive promise of it - and chances are you'll find a crowd there ahead of you.
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If you invent frequently and are willing to fail, then you never get to that point where you really need to bet the whole company.
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If there’s one reason we have done better than of our peers in the Internet space over the last six years, it is because we have focused like a laser on customer experience.
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The death knell for any enterprise is to glorify the past -- no matter how good it was.
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If you decide that you're going to do only the things you know are going to work, you're going to leave a lot of opportunity on the table.
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I don't think that you can invent on behalf of customers unless you're willing to think long-term, because a lot of invention doesn't work. If you're going to invent, it means you're going to experiment, and if you're going to experiment, you're going to fail, and if you're going to fail, you have to think long term.
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